{
  "id": 6398370,
  "title": "RentoMojo IPO Subscribed 69% So Far On Day 1, NII Portion Booked 90%",
  "url": "https://urgent.news/2026/09/09/rentomojo-ipo-subscribed-69-so-far-on-day-1-nii-portion-booked-90",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T07:45:53.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-ipo-subscribed-69-so-far-on-day-1-nii-portion-booked-90/"
  },
  "original_language": "en",
  "account": "RentoMojo's initial public offering (IPO) experienced strong demand on its first day of trading, with 69% of shares subscribed. The Non-Convertible Debenture (NII) portion drew the most interest, achieving a 90% subscription rate. Investors placing bids between ₹2 Lakh and ₹10 Lakh saw a 1.26 times subscription, while those exceeding ₹10 Lakh received a 73% subscription. The retail portion subscribed for 76% of available shares, and the employee portion had a 75% subscription rate. The QIB portion saw a 40% subscription. The IPO price band is set between ₹384-₹404 per share, valuing the company at approximately ₹4,206 Cr. The public issue includes a fresh share issuance worth ₹150 Cr and an OFS of up to 2.7 Cr shares worth ₹1,105.6 Cr. RentoMojo raised ₹376.1 Cr from anchor investors before the IPO, allotting 93.1 Lakh equity shares to these investors at ₹404 each.",
  "summary": "Online furniture and appliance rental platform RentoMojo’s ₹1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}